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Investment Highlights

  • Possibility to expand the space with two other rooms
  • Downtown area of Galapagar
  • Office in good condition

Executive Summary

Residential building in a central street in Galapagar in the Community of Madrid. The four-storey building with several rooms on the street level.

3 Units Available

Unit Size 2,766 SF
Price $240,178
Price Per SF $86.83
Condo Use Office
Sale Type Investment or Owner User
Description

Available commercial premises located in the central area of Galapagar.

It is a space of 155.11 m2 distributed over several heights as follows: a ground floor of 49.97 m2 and a basement of 105.14 m2. The place is in its original state and has multiple business possibilities.
There are actually three rooms available (two raw premises and one office) that are adjoining and that can be joined together using different combinations of meters and prices. They are sold separately and together:
Local A- 155.11 m2 (gross) for 119,000€.
Local B- 139.78 m2 (gross) for 111,200€.
Local C- 256.76 m2 (finished as an office and divided into some offices) for 204,800€.

The three rooms have the right to use the community pool and gardens and smoke outlet.
It is stated in the community's statutes that they can open and remove facades (the one on the street and the interior that overlooks the pool), walls, open openings, install windows, air conditioning, reform aesthetics, etc. without having to ask the community for any permission, as well as setting up any business with the sole limitation of municipal regulations.
In addition, they can be converted into housing with the mandatory municipal authorization.
The height of the street floor is 5.30 meters so you can take out another floor (up to 232 m2 more). The basement is 2.50 meters high in all. Possibility of single-phase and three-phase electricity if needed.

Possible combinations:

Local A+B for 230,200€.
Local A+B+C for 435,000€.
Local B+C for 316,800€.

There is also a rental option.

They are well connected by the M-510 and A-6 roads.

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Unit Size 1,668 SF
Price $127,829
Price Per SF $76.64
Condo Use Retail
Sale Type Investment or Owner User
Sale Notes

Available retail units located in a central area of Galapagar.

This is a 155.11 m² space distributed over several levels as follows: a ground floor of 49.97 m² and a basement of 105.14 m². The unit is in shell condition and offers multiple business possibilities.  
There are actually three available units (two shell units and one office), which are adjacent and can be combined, allowing for different size and price configurations. They can be sold separately or together:
Unit A – 155.11 m² (shell) for €109,000.  
Unit B – 139.78 m² (shell) for €111,200.  
Unit C – 256.76 m² (finished as an office and divided into several offices) for €204,800.

All three units have the right to use the community pool and gardens, and have a smoke vent.

The community bylaws state that façades (both the street façade and the interior façade facing the pool), walls, openings, windows, air conditioning units, aesthetic renovations, etc. can be opened, removed, or modified without needing any permission from the community, and that any type of business can be established, with the only limitation being municipal regulations.  
In addition, they can be converted into residential units with the required municipal authorization.

The ceiling height on the street level floor is 5.30 meters, so an additional floor can be built (up to another 232 m²). The basement height is 2.50 meters in all units. Single-phase and three-phase electrical power are possible if needed.

Possible combinations:

Unit A + B for €230,200.  
Unit A + B + C for €435,000.  
Unit B + C for €316,800.

They are well connected via the M-510 and A-6 roads.

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Unit Size 1,506 SF
Price $130,409
Price Per SF $86.59
Condo Use Retail
Sale Type Investment or Owner User
Sale Notes

Available retail units located in a central area of Galapagar.

This is a 155.11 m² space distributed over several levels as follows: a ground floor of 49.97 m² and a basement of 105.14 m². The unit is in shell condition and offers multiple business possibilities.  
There are actually three available units (two shell units and one office), which are adjacent and can be combined, allowing for different size and price configurations. They can be sold separately or together:
Unit A – 155.11 m² (shell) for €109,000.  
Unit B – 139.78 m² (shell) for €111,200.  
Unit C – 256.76 m² (finished as an office and divided into several offices) for €204,800.

All three units have the right to use the community pool and gardens, and have a smoke vent.

The community bylaws state that façades (both the street façade and the interior façade facing the pool), walls, openings, windows, air conditioning units, aesthetic renovations, etc. can be opened, removed, or modified without needing any permission from the community, and that any type of business can be established, with the only limitation being municipal regulations.  
In addition, they can be converted into residential units with the required municipal authorization.

The ceiling height on the street level floor is 5.30 meters, so an additional floor can be built (up to another 232 m²). The basement height is 2.50 meters in all units. Single-phase and three-phase electrical power are possible if needed.

Possible combinations:

Unit A + B for €230,200.  
Unit A + B + C for €435,000.  
Unit B + C for €316,800.

They are well connected via the M-510 and A-6 roads.

Property Facts

The following property facts apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
Total Building Size 188,831 SF
Property Type Multifamily
Property Subtype Apartment
Building Class C
Floors 4
Typical Floor Size 47,211 SF
Year Built 1993
Lot Size 1.61 AC
  • Listing ID: 34192023

  • Date on Market: 2/12/2018

  • Last Updated:

  • Address: Calle Tenerías, 6, Galapagar, Madrid 28260

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